Why growing businesses need ERP

Success hinges on more than great products and services. Unfortunately, many companies bootstrap progress by relying on entry-level business software that is ill-equipped for evolving businesses. Standalone accounting systems lack the scalability to support new markets and the sophistication to handle unique business and industry needs.

Organisations must continually improve all aspects of their operations to succeed in today’s intensely competitive arena. They need fresh insights into customer behavior and market trends to outmaneuver competitors. Their systems must support omnichannel go-to-market strategies with native marketing and sales management applications.

Technology must streamline operations, connect disparate workflows, and give users ongoing access to updated information. For example, construction crews need mobile applications to view and edit blueprints, lists of materials, and project plans remotely from the job site. Manufacturers must integrate workflows to streamline design and production processes, while distributors need to tailor solutions to automate order fulfillment pick, pack, and ship processes.

Disconnected applications create data siloes with inaccurate data and process bottlenecks. Enterprise resource planning (ERP) solutions break down barriers by connecting information and processes in real-time on a holistic, centralised platform. Modern ERP solutions provide a scalable, cloud-based solution and mobile framework that delivers robust financials and integrates industry-specific workflows. In addition, those with role-based dashboards, automatic alerts, and collaboration tools help optimise service levels.

However, not all ERP systems are equal.